XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.043%

Price spread now: SunX against MEXC+0.103%53s7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.615% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$19 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.103%, 7d avg +0.101%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.101%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,362.6	0.0056	pay 0.0028% / 4h	3h 00m	$372.8M	$331.7M	1000x
Short	SunX XAU-USDT	4,367.1	0	get 0.0000% / 4h	3h 00m	$93K	$10.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee SunXbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$11.76
Price spread: +0.103% → +0.101%: $0.2
Slippage, 4 orders: −$49.49
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$73.05
Costs to cover: 0.615%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; SunX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 4 min ago	0.03 bp	2.0 bp −$2	2.0 bp −$20	2.3 bp −$233	22.2 bp −$11.1K
Sell SunX live order book, 9 min ago	23.67 bp	29.8 bp −$30	47.3 bp −$473	doesn't fit	doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	0.0000%	4h	4,363.2	+0.014%	$69.8M	$236.4M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.4	+0.018%	$265.3M	$423.3M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.3	−0.053%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,367.1	+0.103%	$93K	$10.1M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.4	−0.098%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,358.4	−0.096%	$13.5M	$43.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.279%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	−0.014%	$48.4M	$28.5M	—	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.9	+0.030%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.9	+0.007%	$5.6M	$1.9M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,395.9	+0.763%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,362.5	−0.002%	$3.4M	$12.4M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359	−0.083%	$294.2M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.5	−0.094%	$14.8M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	−0.069%	$48K	$64K	25x	as long as short
MEXC XAU_USDTlong	+0.0056%	4h	4,362.6	long leg	$372.8M	$331.7M	1000x
Binance XAUUSDT	+0.0059%	4h	4,362.9	+0.006%	$411.6M	$2.14B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.139%	$30.3M	$60.4M	50x	as long as short
Lighter XAU	+0.0072%	1h	4,360.2	−0.055%	$20.6M	$44.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,362.9	+0.006%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0088%	1h	4,364.5	+0.043%	$20.2M	$41.5M	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,361.7	−0.020%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,359.4	−0.074%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360	−0.060%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	−0.079%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,355.2	−0.171%	$26K	$22K	20x	as long as short
Bitget XAUUSDT	+0.0110%	4h	4,362.7	+0.002%	$69.7M	$112.2M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,361.5	−0.025%	$4.3M	$1.8M	20x	as long as short
Hotstuff GOLD-PERP	+0.0128%	1h	4,358.3	−0.099%	$33K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,362.6	0.000%	$1.4M	$3.1M	25x	as long as short
Bybit XAUUSDT	+0.0197%	4h	4,363	+0.009%	$83.7M	$144.7M	150x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,362.9	+0.007%	$59K	$82K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0216%	8h	4,363.7	+0.025%	$164.2M	$287.5M	100x	as long as short
BloFin XAU-USDT	+0.0225%	4h	4,362.7	+0.003%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.8	−0.064%	$595K	$141K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.6	−0.046%	$235K	$658K	25x	as long as short
Phemex XAUUSDT	+0.0301%	4h	4,364.9	+0.052%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,362.9	+0.007%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0557%	4h	4,367.1	+0.104%	$2.9M	$3.9M	75x	as long as short